EXTENDING GROWTH: The chairman expressed confidence that last year’s growth would continue, following a 31.22 percent surge in net income to NT$3.88 billion
Date: Mar 14, 2018
By: Lauly Li / Staff reporter
Wistron Corp (緯創), one of Apple Inc’s iPhone assemblers, yesterday forecast that revenue and profit would continue to expand this year on robust demand for smartphones and data centers, after reporting that last quarter’s net profit was its highest in the past 18 quarters.
“We faced a very difficult time from 2014 to 2016. Last year was the first to see top-line and bottom-line growth in the past few years,” Wistron chairman Simon Lin (林憲銘) told a teleconference.
“We are confident that the momentum will extend to this year,” he said.
Wistron began assembling iPhones at the end of 2016. It shares orders of the larger 5.5-inch Plus model with Hon Hai Precision Industry Co (鴻海精密). [FULL STORY]